Boom: Apple Worth More Than Google — As Steve Jobs would say: “BOOM.” Apple (AAPL) has eclipsed Google (GOOG) in market value. Apple's current market cap: $159.37 billion. Google's: $157.56 billion. Not that we didn't see this coming. Indeed, Valleywag predicted it back in November 2007.

‘Slow’ iPhone 3G glitch blamed on secrecy — The iPhone 3G and, inset, Tom Piotrowski's speed test. — Asher Moses — iPhone 3G users in Australia and around the world are suffering from slow internet speeds and poor reception because of a flaw in the device that may have been fixed if not for Apple's immense culture of secrecy.

HSBC could order 200,000 iPhones — Global banking giant HSBC is considering ditching the BlackBerry and adopting Apple's iPhone as its standard staff mobile device, a move that could result in an order for some 200,000 iPhones. — “We are actually reviewing iPhones from a HSBC Group perspective …

huge and important news: free licenses upheld — So for non-lawgeeks, this won't seem important. But trust me, this is huge. — I am very proud to report today that the Court of Appeals for the Federal Circuit (THE “IP” court in the US) has upheld a free (ok, they call them “open source” …

YouTube Not Getting Into Live Streaming, After All (GOOG) — UStream, Justin.TV, Stickam, Mogulus and everyone else trying to make a business out of live streaming can breath a little easier. YouTube, which had previously said it would start live streaming in 2008, won't be getting into the business this year.

When Apple's reach exceeds its grasp — The huge success of the iPod and the incredible media hoopla surrounding the iPhone have transformed the way the world looks at Apple. In five years, it has gone from being the company that makes weird non-Windows computers to the company that makes …

Y Combinator To Offer Standardized Funding Legal Docs — Early stage venture firm Y Combinator, which has funded over 102 young startups, has “open sourced” the legal documents that they provide to their startups to use as they seek additional funding beyond what they've gotten from Y Combinator.

Letter from VMware CEO Paul Maritz — Last night, we became aware of a code issue with the recently released update to ESX 3.5 and ESXi 3.5 (Update 2). — When the time clock in a server running ESX 3.5 or ESXi 3.5 Update 2 hits 12:00AM on August 12th, 2008, the released code causes the product license to expire.

Russians may not be responsible for cyberattacks on Georgia — Earlier this week, we covered a report from the Georgian Foreign Ministry, claiming that the Russian Business Network (RBN) was actively engaged in cyberwarfare against Georgia—with the blessing and backing of the Russian government.

Pick your friends! — Today we're excited to announce several improvements in the way sharing works in Reader. You've given us lots of feedback on the way our experimental sharing features work and we heard you loud and clear: you want more control over your sharing.

Movable Type Pro and 4.2: Where Blogging is Headed — Today, we're releasing the latest update to Movable Type, version 4.2, and along with it we're announcing the launch of Movable Type Pro, a profoundly powerful new set of capabilities that shows the web where blogging is going next.

NBC Online Olympics Viewing Soars, Nielsen Reports — The number of unique visitors to NBC Olympics video site soared to over two million on Monday as viewers tuned into the Games from the workplace, Nielsen announced today. These numbers show that the much-grumbled about time delay …